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The UK top financial market watchdog is proposing a three-month payment freeze among other measures designed to help people ride out the COVID-19 storm.
Britain is increasing the spending cap for contactless payments from £30 to £45 from April 1 to help people cope with the coronavirus outbreak. However, the move may increase the risk of fraud.
Ever since the UK voted to leave Europe in 2016, there has been a cloud of uncertainty on the FinTech market. Most discussions painted it as doom and gloom, but the amount of capital still being deployed to the country’s FinTechs, suggests things might be fine.
UK challenger bank Monzo has taken additional steps to protect the business against the pandemic-induced financial downturn. And it's not alone.
UK-based FinTech startup Dzing has launched a new payment app for international students, remote freelancers, overseas workers and travellers.
UK-based Lanistar, an alternative to digital banking, has netted £2m in its seed funding round as it sets its sights on becoming a £1bn company.
As the UK is dealing with a countrywide lockdown, many companies will struggle with their financials. That’s where Capitalise.com's new solution comes in.
UK FinTech FreeAgent has added another feature to its suite of cloud accounting software solutions for freelancers and small businesses.
Britain has fallen behind other countries like Sweden when it comes to removing physical money from its economy. However, the COVID-19 outbreak might change that.
With the public terrified of the COVID-19 (coronavirus) pandemic, it leaves a space for fake news to fester. Rumours surfaced earlier today on Twitter with people questioning whether UK challenger bank Revolut was close to going bust.